How much stamp duty will I have to pay?

I am thinking of buying a property in the UK, how much stamp duty will I have to pay on it?

When you are buying a property in the UK, the amount of stamp duty you will be required to pay will depend on two key factors:

The cost of the property you are buying

Whether you own another property in the UK or any other country

Basic stamp duty rates

If you do not already own a property in the UK or abroad, stamp duty rates in the UK are in accordance with a number of thresholds related to property value and is calculated as follows:

Up to £125,000: 0%

Between £125,000 and £250,000: 2%

Between £250,000 and £925,0000: 5%

Between £925,000 and £1,500,000: 10%

Over £1,500,000: 12%

Stamp duty if you own another property

As of April 2016, if you already own a property, whether it is in the UK or elsewhere in the world, you will be subject to the higher rate of stamp duty which is essentially an additional 3% for each threshold, so:

Up to £125,000: 3%

Between £125,000 and £250,000: 5%

Between £250,000 and £925,0000: 8%

Between £925,000 and £1,500,000: 13%

Over £1,500,000: 15%

If the value of the property is less than £40,000, there is no stamp duty to pay.

Stamp Duty Calculator

We have created a stamp duty calculator for people in the UK and abroad who would like to know how much stamp duty they will have to pay in the UK when buying a property.

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